Natixis CIB in New York achieves 90% invoice processing accuracy with Power Platform | Microsoft Customer Stories
Manual invoice processing is a major roadblock to financial agility. This customer story reveals how Natixis Corporate & Investment Banking in New York achieved 90% accuracy in invoice processing by leveraging Microsoft Power Platform. Read how Power Platform empowered finance teams to streamline their workflows while staying compliant. Then connect with Oceanfront Consulting to explore how your business can do the same.
What challenges did Natixis CIB NY face with invoice processing?
Natixis CIB NY struggled with manual invoice reconciliation, which led to inaccuracies, inefficiencies, and a higher risk of human error. Employees had to filter invoice emails and manually enter data into the purchasing system, resulting in a heavy workload and delays.
How did Power Platform improve invoice processing accuracy?
By implementing Microsoft Power Platform, specifically Power Automate and AI Builder, Natixis CIB NY automated the extraction of invoice data. This approach improved accuracy to 90% and allowed for better visibility and control over the invoicing process.
What benefits did Natixis CIB NY experience after automation?
The automation significantly reduced the manual workload, cutting down the effort of one full-time employee by more than half. It also enabled timely invoice reconciliation and payments, and provided senior management with better visibility into invoice processing, helping them make informed budget decisions.
Natixis CIB in New York achieves 90% invoice processing accuracy with Power Platform | Microsoft Customer Stories
published by Oceanfront Consulting
Oceanfront Consulting is an I.T Cloud Service Provider that helps customers excel on the cloud by without having to spend the time and money building an internal I.T. staff.
We can guarantee a reliable, secure and a responsive platform that will save you time and money: no high upfront and maintenance costs for hardware, no additional IT resources, easy deployment, and all at a fixed monthly price.
Please visit us at: www.ocfrconsulting.com
Capabilities include:
.Managed I.T Services (Network, hardware and 3rd party software monitoring),
.I.T Consulting
.Cloud Solutions (Sharepoint, Office 365, Dynamics CRM, Cloud Backup, Cloud Database)
.Penetration Testing (Software/Application)
.Database Development
We would love for the opportunity to partner with you.
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